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Britain toughens stance on Murdoch's bid for Sky

Reuters  |  LONDON 

By Kate Holton and Kylie MacLellanLONDON (Reuters) - Britain toughened its stance on Rupert Murdoch's $15 billion takeover of Sky on Tuesday, an unexpected move that sent shares in the pay-TV group down sharply on fears it may be blocked.Murdoch, 86, and his family have long coveted full control of Sky, despite critics arguing that he controls too much of the British media through his Times and Sun newspapers and the 39 percent he already owns in the broadcaster.The government had already said it would ask the competition regulator to spend six months deciding whether owning Sky gave Murdoch ...

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First Published: Tue, September 12 2017. 19:16 IST